Bfsg, LLC
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed January 22, 2026), Bfsg, LLC reported 713 stock positions worth $1.0 billion. Its top holding was VG Morningstar TS MKT ETF-US (VTI) at 4.0% of the portfolio, followed by Nvidia (NVDA, 3.1%) and iShares Gold Trust (IAU, 3.0%). Compared with Q3 2025, it opened 46 new positions, sold out of 33, added to 165 and reduced 199. The biggest buy was Air Products & Chemicals (APD, shares +10765%) and the biggest sale Walt Disney (DIS, shares −96%).
- Most Recent 13F
- Q2 2026
- Location
- IRVINE, CA
- CIK
- 0001706836
- Portfolio Value
- $1.0B (Q4 2025)
- SEC Filing
- 0001706836-26-000001 ↗ filed Jan 22, 2026
Holdings Value
Holdings 713 stocks · $1.0B
| VTI VG Morningstar TS MKT ETF-US | 3.95% | 121,148 | $40.6M | Add +5.7% |
| NVDA Nvidia Corp. | 3.13% | 172,596 | $32.2M | Reduce -2.3% |
| IAU iShares Gold Trust | 3.03% | 383,785 | $31.2M | Add +0.7% |
| IVV iShares Core S&P 500 ETF | 2.72% | 40,851 | $28.0M | Add +14.6% |
| MSFT Microsoft Corp. | 2.72% | 57,740 | $27.9M | Reduce -0.1% |
| NEM Newmont Corp. | 2.66% | 273,355 | $27.3M | Reduce -1.9% |
| AAPL Apple Inc. | 2.17% | 82,125 | $22.3M | Reduce -3.9% |
| SGOL Abrdn Physical Gold Shares | 1.99% | 497,349 | $20.4M | Reduce -1.1% |
| AVUV Avantis US Small Cap Value | 1.78% | 179,568 | $18.3M | Add +2.2% |
| BND Vanguard Total Bond Market | 1.68% | 232,434 | $17.2M | Add +3.7% |
| GLD SPDR Gold Shares | 1.60% | 41,424 | $16.4M | Reduce -0.6% |
| RTX RTX Corp. | 1.59% | 89,258 | $16.4M | Reduce -3.1% |
| GOOG Alphabet Inc. Class C | 1.55% | 50,678 | $15.9M | Reduce -3.3% |
| DFEM Dimensional Emrg MRKT Core | 1.31% | 407,067 | $13.5M | Reduce -2.8% |
| APH Amphenol Corp. Class A | 1.26% | 95,943 | $13.0M | Reduce -3.6% |
| JPST JPMorgan Ultra-Short Income | 1.14% | 232,577 | $11.8M | Add +2.5% |
| BNDX Vanguard Total Intl Bond ETF | 1.12% | 238,639 | $11.5M | Add +7.5% |
| AMZN Amazon.com Inc. | 1.07% | 47,481 | $11.0M | Reduce -0.5% |
| VXUS Vanguard Total Intl Stock | 0.97% | 132,097 | $10.0M | Add +9.0% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.96% | 14,496 | $9.9M | Add +10.5% |
| CSX CSX Corp. | 0.95% | 269,033 | $9.8M | Reduce -3.4% |
| VDE Vanguard Energy ETF | 0.86% | 70,238 | $8.8M | Reduce -4.8% |
| CHD Church & Dwight Co. Inc. | 0.83% | 101,302 | $8.5M | Reduce -2.1% |
| SCHP Schwab U.S. Tips ETF | 0.83% | 320,357 | $8.5M | Add +0.3% |
| JPM JPMorgan Chase & Co. | 0.81% | 25,865 | $8.3M | Reduce -0.3% |
| NI Nisource Inc. | 0.81% | 198,673 | $8.3M | Reduce -0.8% |
| NSC Norfolk Southern Corp. | 0.79% | 28,150 | $8.1M | Reduce -2.6% |
| TSM Taiwan Semiconductor-SP ADR | 0.77% | 26,083 | $7.9M | Reduce -4.8% |
| XOM Exxon Mobil Corp. | 0.75% | 64,257 | $7.7M | Reduce -1.4% |
| TTE Totalenergies SE | 0.75% | 117,924 | $7.7M | Reduce -1.0% |
| COST Costco Wholesale Corp. | 0.74% | 8,874 | $7.7M | Reduce -1.4% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.74% | 49,699 | $7.6M | Reduce -0.5% |
| APD Air Products & Chemicals Inc. | 0.73% | 30,421 | $7.5M | Add +10764.6% |
| SONY Sony Group Corp. - SP ADR | 0.71% | 285,366 | $7.3M | Reduce -0.5% |
| TXT Textron Inc. | 0.71% | 83,230 | $7.3M | New |
| PNR Pentair PLC | 0.70% | 69,530 | $7.2M | New |
| FBCG Fidelity Blue Chip Grow ETF | 0.70% | 131,351 | $7.2M | Add +1.6% |
| AMRZ Amrize Ltd. | 0.70% | 132,875 | $7.2M | Reduce -0.8% |
| AXP American Express Co. | 0.69% | 19,205 | $7.1M | Reduce -0.6% |
| LVHI Franklin International Low V | 0.68% | 188,422 | $6.9M | Add +4.0% |
| GD General Dynamics Corp. | 0.67% | 20,498 | $6.9M | Reduce -0.7% |
| SHV iShares 0-1 Year Treasury Bo | 0.67% | 62,584 | $6.9M | Add +7.8% |
| T AT&T Inc. | 0.67% | 275,746 | $6.8M | Reduce -0.6% |
| CL Colgate-Palmolive Co. | 0.65% | 84,537 | $6.7M | Add +0.1% |
| MA Mastercard Inc. Class A | 0.64% | 11,608 | $6.6M | Add +0.8% |
| WY Weyerhaeuser Co. | 0.63% | 274,190 | $6.5M | Add +44.0% |
| TR Tootsie Roll Inds | 0.62% | 175,311 | $6.4M | Reduce -0.6% |
| NEE Nextera Energy Inc. | 0.62% | 79,212 | $6.4M | Reduce -7.8% |
| SO The Southern Co. | 0.61% | 72,427 | $6.3M | Reduce -0.5% |
| MRVL Marvell Technology Inc. | 0.61% | 73,905 | $6.3M | Reduce -49.8% |
| IQLT iShares MSCI International Q | 0.60% | 136,234 | $6.2M | Add +2.8% |
| FXI iShares China Large-Cap ETF | 0.59% | 158,940 | $6.1M | Add +35.8% |
| PAAS Pan American Silver Corp. | 0.59% | 116,508 | $6.0M | Reduce -2.0% |
| WMT Walmart Inc. | 0.57% | 52,746 | $5.9M | Reduce -5.2% |
| VOO Vanguard S&P 500 ETF | 0.57% | 9,317 | $5.8M | Reduce -0.4% |
| EWJ iShares MSCI Japan ETF | 0.56% | 71,293 | $5.8M | Add +0.3% |
| DFLV Dim US Large Cap Value ETF | 0.55% | 166,515 | $5.7M | Add +29.1% |
| SLV iShares Silver Trust | 0.54% | 85,944 | $5.5M | Reduce -0.3% |
| VZ Verizon Communications Inc. | 0.53% | 132,843 | $5.4M | Reduce -0.7% |
| ESLT Elbit Systems Ltd. | 0.52% | 9,261 | $5.4M | Reduce -0.9% |
| MOG.A Moog Inc. Class A | 0.51% | 21,378 | $5.2M | Reduce -1.0% |
| ABBV Abbvie Inc. | 0.50% | 22,609 | $5.2M | Reduce -1.4% |
| KBR KBR Inc. | 0.50% | 128,481 | $5.2M | Add +2.2% |
| BDX Becton Dickinson and Co. | 0.49% | 25,925 | $5.0M | Reduce -6.7% |
| VXF Vanguard Extended Market ETF | 0.49% | 24,007 | $5.0M | Add +13.4% |
| HD Home Depot Inc. | 0.49% | 14,555 | $5.0M | Add +0.0% |
| TXRH Texas Roadhouse Inc. | 0.48% | 30,023 | $5.0M | Add +0.8% |
| LIN Linde PLC | 0.47% | 11,408 | $4.9M | Reduce -4.0% |
| JNJ Johnson & Johnson | 0.47% | 23,489 | $4.9M | Reduce -6.6% |
| MWA Mueller Water Products Inc. Class A | 0.46% | 199,909 | $4.8M | Add +0.7% |
| XLK SS Technology Select Sector | 0.46% | 32,636 | $4.7M | Reduce -2.1% |
| AMGN Amgen Inc. | 0.45% | 14,048 | $4.6M | Reduce -3.7% |
| SCHZ Schwab US Aggregate Bond ETF | 0.43% | 191,137 | $4.5M | Add +3.9% |
| AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO | 0.43% | 17,115 | $4.4M | Reduce -1.0% |
| TSLA Tesla Inc. | 0.43% | 9,772 | $4.4M | Reduce -0.3% |
| BSV Vanguard Short-Term Bond ETF | 0.42% | 55,294 | $4.4M | Add +1.4% |
| RMD Resmed Inc. | 0.42% | 17,989 | $4.3M | Add +1.0% |
| SYK Stryker Corp. | 0.41% | 12,018 | $4.2M | Add +4.0% |
| PANW Palo Alto Networks Inc. | 0.41% | 22,640 | $4.2M | Add +6.0% |
| CRH CRH PLC | 0.40% | 33,256 | $4.2M | Reduce -0.5% |
| MCD McDonald's Corp. | 0.40% | 13,393 | $4.1M | Reduce -0.9% |
| ASML ASML Holding NV-NY Reg SHS | 0.39% | 3,762 | $4.0M | Reduce -2.4% |
| PLTR Palantir Technologies Inc. Class A | 0.39% | 22,416 | $4.0M | Reduce -54.3% |
| MRK Merck & Co. Inc. | 0.39% | 37,799 | $4.0M | Reduce -4.2% |
| PCH Potlatchdeltic Corp. | 0.38% | 99,421 | $4.0M | Reduce -2.2% |
| FCX Freeport-McMoran Inc. | 0.37% | 74,230 | $3.8M | Reduce -2.1% |
| VMC Vulcan Materials Co. | 0.37% | 13,208 | $3.8M | Reduce -0.3% |
| XLV SS Health Care Select Sector | 0.36% | 24,235 | $3.8M | Reduce -8.4% |
| ES Eversource Energy | 0.36% | 54,502 | $3.7M | New |
| IJT iShares S&P Small-Cap 600 GR | 0.35% | 25,742 | $3.6M | Add +2.3% |
| LLY Eli Lilly & Co. | 0.35% | 3,337 | $3.6M | Reduce -3.4% |
| PG The Procter & Gamble Co. | 0.34% | 24,586 | $3.5M | Reduce -2.7% |
| WM Waste Management Inc. | 0.34% | 16,031 | $3.5M | Add +1.8% |
| SCHG Schwab US Large-Cap Growth | 0.34% | 107,891 | $3.5M | Add +4.7% |
| XMHQ Invesco S&P Midcap Qual ETF | 0.34% | 33,865 | $3.5M | Add +3.2% |
| SUSL iShares ESG MSCI USA Leaders | 0.34% | 28,404 | $3.4M | No change |
| XLF SS Financial Select Sector | 0.33% | 62,068 | $3.4M | Reduce -0.2% |
| SHY iShares 1-3 Year Treasury Bo | 0.33% | 40,929 | $3.4M | Add +3.4% |
| BP BP PLC-Spons ADR | 0.33% | 96,958 | $3.4M | Add +390.1% |
| O Realty Income Corp. | 0.32% | 58,822 | $3.3M | Reduce -1.7% |
Options reported separately and not counted above: AJG puts ($1.3M), NVDA puts ($560K), ISRG puts ($453K), TTE puts ($7K).
Other holdings (1): bonds, preferreds, convertibles and warrants · $328 (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| OXY.WS Occidental Petroleum-CW27 | *W EXP 08/03/202 | 17 | $328 | No change |
Total filed on the 13F, all lines: $1.0B.
Portfolio Sells Q3 2025 → Q4 2025
| DIS The Walt Disney Co. | Reduce -96.3% | 0.03% | −0.77 |
| MRVL Marvell Technology Inc. | Reduce -49.8% | 0.61% | −0.59 |
| EPD Enterprise Products Partners | Reduce -99.3% | 0.00% | −0.54 |
| PLTR Palantir Technologies Inc. Class A | Reduce -54.3% | 0.39% | −0.48 |
| NVO Novo-Nordisk A/S-Spons ADR | Reduce -60.2% | 0.24% | −0.42 |
| PFE Pfizer Inc. | Reduce -72.8% | 0.13% | −0.34 |
| IWM iShares Russell 2000 ETF | Reduce -95.1% | 0.02% | −0.34 |
| CPRX Catalyst Pharmaceuticals Inc. | Sold out | 0.00% | −0.31 |
| ROCK Gibraltar Industries Inc. | Reduce -55.5% | 0.14% | −0.26 |
| IWR iShares Russell Mid-Cap ETF | Sold out | 0.00% | −0.25 |
| LEGH Legacy Housing Corp. | Reduce -84.8% | 0.03% | −0.22 |
| CMG Chipotle Mexican Grill Inc. | Reduce -99.9% | 0.00% | −0.21 |
| WBD Warner Bros Discovery Inc. | Reduce -84.0% | 0.06% | −0.19 |
| MSFT Microsoft Corp. | Reduce -0.1% | 2.72% | −0.19 |
| IEFA iShares Core MSCI Eafe ETF | Reduce -92.5% | 0.02% | −0.18 |
| NICE Nice Ltd. - Spon ADR | Reduce -81.2% | 0.02% | −0.13 |
| SCHD Schwab US DVD Equity ETF | Reduce -31.7% | 0.29% | −0.13 |
| GEV GE Vernova Inc. | Reduce -94.1% | 0.01% | −0.12 |
| KDP Keurig Dr Pepper Inc. | Reduce -37.5% | 0.25% | −0.12 |
| ETN Eaton Corp. PLC | Reduce -86.9% | 0.01% | −0.11 |
| META Meta Platforms Inc. Class A | Reduce -68.9% | 0.04% | −0.11 |
| WSBC Wesbanco Inc. | Reduce -78.4% | 0.03% | −0.11 |
| ANET Arista Networks Inc. | Reduce -65.2% | 0.05% | −0.11 |
| GE General Electric | Reduce -88.1% | 0.01% | −0.10 |
| TLN Talen Energy Corp. | Sold out | 0.00% | −0.10 |
| T AT&T Inc. | Reduce -0.6% | 0.67% | −0.09 |
| TR Tootsie Roll Inds | Reduce -0.6% | 0.62% | −0.09 |
| SONY Sony Group Corp. - SP ADR | Reduce -0.5% | 0.71% | −0.09 |
| NFLX Netflix Inc. | Reduce -1.0% | 0.31% | −0.09 |
| AJG Arthur J Gallagher & Co. | Reduce -1.0% | 0.43% | −0.09 |
| AGG iShares Core U.S. Aggregate | Reduce -59.0% | 0.06% | −0.09 |
| IGF iShares Global Infrastructur | Sold out | 0.00% | −0.08 |
| VNQ Vanguard Real Estate ETF | Reduce -58.3% | 0.05% | −0.08 |
| LIN Linde PLC | Reduce -4.0% | 0.47% | −0.07 |
| PRU Prudential Financial Inc. | Reduce -25.5% | 0.31% | −0.07 |
| NVDA Nvidia Corp. | Reduce -2.3% | 3.13% | −0.07 |
| COST Costco Wholesale Corp. | Reduce -1.4% | 0.74% | −0.06 |
| ROP Roper Technologies Inc. | Reduce -15.2% | 0.19% | −0.06 |
| FAST Fastenal Co. | Reduce -0.5% | 0.26% | −0.06 |
| SO The Southern Co. | Reduce -0.5% | 0.61% | −0.05 |
| CHD Church & Dwight Co. Inc. | Reduce -2.1% | 0.83% | −0.05 |
| NSC Norfolk Southern Corp. | Reduce -2.6% | 0.79% | −0.05 |
| VZ Verizon Communications Inc. | Reduce -0.7% | 0.53% | −0.04 |
| VDE Vanguard Energy ETF | Reduce -4.8% | 0.86% | −0.04 |
| PPC Pilgrim's Pride Corp. | Reduce -32.9% | 0.07% | −0.04 |
| MP MP Materials Corp. | Sold out | 0.00% | −0.03 |
| PG The Procter & Gamble Co. | Reduce -2.7% | 0.34% | −0.03 |
| NI Nisource Inc. | Reduce -0.8% | 0.81% | −0.03 |
| O Realty Income Corp. | Reduce -1.7% | 0.32% | −0.03 |
| VMC Vulcan Materials Co. | Reduce -0.3% | 0.37% | −0.03 |
Portfolio Buys Q3 2025 → Q4 2025
| APD Air Products & Chemicals Inc. | Add +10764.6% | 0.73% | +0.72 |
| TXT Textron Inc. | New | 0.71% | +0.71 |
| PNR Pentair PLC | New | 0.70% | +0.70 |
| IVV iShares Core S&P 500 ETF | Add +14.6% | 2.72% | +0.41 |
| ES Eversource Energy | New | 0.36% | +0.36 |
| IAU iShares Gold Trust | Add +0.7% | 3.03% | +0.34 |
| VTI VG Morningstar TS MKT ETF-US | Add +5.7% | 3.95% | +0.30 |
| BP BP PLC-Spons ADR | Add +390.1% | 0.33% | +0.26 |
| WY Weyerhaeuser Co. | Add +44.0% | 0.63% | +0.17 |
| VIG Vanguard Dividend Apprec ETF | Add +174.7% | 0.24% | +0.15 |
| DFLV Dim US Large Cap Value ETF | Add +29.1% | 0.55% | +0.14 |
| FXI iShares China Large-Cap ETF | Add +35.8% | 0.59% | +0.13 |
| MDB Mongodb Inc. | New | 0.12% | +0.12 |
| CGNG Cap Group New Geography Eq | Add +3606.4% | 0.12% | +0.12 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +10.5% | 0.96% | +0.11 |
| VXUS Vanguard Total Intl Stock | Add +9.0% | 0.97% | +0.11 |
| AVUV Avantis US Small Cap Value | Add +2.2% | 1.78% | +0.08 |
| FBND Fidelity Total Bond ETF | Add +306.5% | 0.11% | +0.08 |
| LVHI Franklin International Low V | Add +4.0% | 0.68% | +0.06 |
| VXF Vanguard Extended Market ETF | Add +13.4% | 0.49% | +0.06 |
| BND Vanguard Total Bond Market | Add +3.7% | 1.68% | +0.06 |
| BNDX Vanguard Total Intl Bond ETF | Add +7.5% | 1.12% | +0.06 |
| SHV iShares 0-1 Year Treasury Bo | Add +7.8% | 0.67% | +0.05 |
| SPSB SS SPDR P St C Corp. ETF | Add +48.7% | 0.15% | +0.05 |
| CRM Salesforce Inc. | Add +5.1% | 0.27% | +0.04 |
| IBM Intl Business Machines Corp. | Add +15.0% | 0.21% | +0.04 |
| IQLT iShares MSCI International Q | Add +2.8% | 0.60% | +0.03 |
| DFIV Dimensional International Va | Add +107.5% | 0.06% | +0.03 |
| JPST JPMorgan Ultra-Short Income | Add +2.5% | 1.14% | +0.03 |
| EQIX Equinix Inc. | Add +35.7% | 0.11% | +0.03 |
| FBCG Fidelity Blue Chip Grow ETF | Add +1.6% | 0.70% | +0.03 |
| SCHG Schwab US Large-Cap Growth | Add +4.7% | 0.34% | +0.02 |
| AVSU Avantis Resp US Equity ETF | Add +14.0% | 0.15% | +0.02 |
| DEO Diageo PLC-Sponsored ADR | New | 0.02% | +0.02 |
| RSPT Invesco S&P 500 Equal Weight | Add +4.4% | 0.31% | +0.02 |
| TDTF NT Iboxx 5Y Dur Tips ETF | Add +12.8% | 0.19% | +0.02 |
| RSP Invesco S&P 500 Equal Weight | Add +26.8% | 0.07% | +0.02 |
| SCHZ Schwab US Aggregate Bond ETF | Add +3.9% | 0.43% | +0.02 |
| EW Edwards Lifesciences Corp. | Add +19.3% | 0.06% | +0.01 |
| OBDC Blue Owl Capital Corp. | New | 0.01% | +0.01 |
| VGIT Vanguard Intermediate-Term T | New | 0.01% | +0.01 |
| AAP Advance Auto Parts Inc. | New | 0.01% | +0.01 |
| SHY iShares 1-3 Year Treasury Bo | Add +3.4% | 0.33% | +0.01 |
| CXM Sprinklr Inc. Class A | Add +820.2% | 0.01% | +0.01 |
| DUK Duke Energy Corp. | Add +12.6% | 0.16% | +0.01 |
| VCSH Vanguard S/T Corp. Bond ETF | Add +8.3% | 0.12% | +0.01 |
| MA Mastercard Inc. Class A | Add +0.8% | 0.64% | +0.01 |
| SPNT Siriuspoint Ltd. | Add +0.1% | 0.05% | +0.01 |
| IJT iShares S&P Small-Cap 600 GR | Add +2.3% | 0.35% | +0.01 |
| EUSB Ishr ESG Advn Universal BD-$ | Add +7.2% | 0.12% | +0.01 |
Options Activity Q3 2025 → Q4 2025
| WBD Warner Bros Discovery Inc. | call | Sold out | 3,700 | $72Kbefore exit |
| TTE Totalenergies SE | put | New | 100 | $7K |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q3 2025 → Q4 2025
| MPTI.WS M-Tron Industries Inc. -28 | *W EXP 04/25/202 | Sold out | 300 | $525before exit |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 763 | $1.1B | VTI, NVDA, IAU, IVV, NEM |
| Q1 2026 | 744 | $1.1B | VTI, IAU, NVDA, NEM, IVV |
| Q4 2025 | 713 | $1.0B | VTI, NVDA, IAU, IVV, MSFT |
| Q3 2025 | 698 | $1.0B | VTI, NVDA, MSFT, IAU, IVV |
| Q2 2025 | 669 | $893.9M | VTI, MSFT, NVDA, IAU, AAPL |
| Q1 2025 | 673 | $821.8M | VTI, MSFT, IAU, AAPL, NVDA |
| Q4 2024 | 671 | $855.3M | VTI, MSFT, NVDA, AAPL, SPY |
| Q3 2024 | 638 | $860.5M | SPY, MSFT, VTI, AAPL, NVDA |
| Q2 2024 | 616 | $789.2M | SPY, MSFT, VTI, NVDA, AAPL |
| Q1 2024 | 659 | $755.9M | SPY, MSFT, VTI, AAPL, NVDA |